Zacks: Brokerages Anticipate Energizer Holdings, Inc. (NYSE:ENR) to Announce $0.47 Earnings Per Share
Wall Street brokerages forecast that Energizer Holdings, Inc. (NYSE:ENR) will post earnings per share of $0.47 for the current quarter, according to Zacks. Four analysts have made estimates for Energizer Holdings’ earnings. The highest EPS estimate is $0.49 and the lowest is $0.45. Energizer Holdings posted earnings per share of $0.54 in the same quarter last year, which suggests a negative year-over-year growth rate of 13%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 8th.
On average, analysts expect that Energizer Holdings will report full-year earnings of $2.91 per share for the current fiscal year, with EPS estimates ranging from $2.89 to $2.92. For the next financial year, analysts expect that the firm will report earnings of $2.90 per share, with EPS estimates ranging from $2.00 to $3.14. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Energizer Holdings.
Energizer Holdings (NYSE:ENR) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. The company had revenue of $372 million during the quarter, compared to the consensus estimate of $390.88 million. Energizer Holdings had a return on equity of 529.84% and a net margin of 10.97%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 EPS.
ENR has been the subject of several research analyst reports. Zacks Investment Research raised Energizer Holdings from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Wednesday, April 12th. Morgan Stanley lowered Energizer Holdings from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $58.00 to $61.00 in a report on Wednesday, April 19th. They noted that the move was a valuation call. Jefferies Group LLC lifted their price objective on Energizer Holdings from $54.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Royal Bank Of Canada cut their price objective on Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Finally, BidaskClub lowered Energizer Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Energizer Holdings has a consensus rating of “Hold” and a consensus price target of $53.86.
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Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Energizer Holdings by 12,028.5% in the first quarter. BlackRock Inc. now owns 5,258,322 shares of the company’s stock worth $293,151,000 after buying an additional 5,214,967 shares during the period. Vanguard Group Inc. raised its position in Energizer Holdings by 5.3% in the first quarter. Vanguard Group Inc. now owns 5,192,923 shares of the company’s stock worth $289,506,000 after buying an additional 263,305 shares during the period. Bank of America Corp DE raised its position in Energizer Holdings by 28.2% in the first quarter. Bank of America Corp DE now owns 1,525,675 shares of the company’s stock worth $85,056,000 after buying an additional 336,062 shares during the period. Dimensional Fund Advisors LP raised its position in Energizer Holdings by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,074,092 shares of the company’s stock worth $59,881,000 after buying an additional 28,152 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Energizer Holdings by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 806,007 shares of the company’s stock worth $38,704,000 after buying an additional 6,763 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.
Energizer Holdings (NYSE:ENR) traded down 2.92% on Thursday, hitting $41.19. The stock had a trading volume of 1,897,345 shares. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 13.68 and a beta of 0.57. Energizer Holdings has a 52 week low of $40.98 and a 52 week high of $60.07. The firm has a 50-day moving average of $48.23 and a 200 day moving average of $52.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 21st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Thursday, August 17th. Energizer Holdings’s dividend payout ratio (DPR) is 36.54%.
About Energizer Holdings
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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